Sydney, Australia– July 29, 2024 – Arizona Lithium Limited (ASX: AZL) is pleased to announce the successful completion of construction at Pad #2 and the licensing of the first two wells at its Prairie Lithium Project in Saskatchewan, Canada.
Highlights:
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Environmental Pre-Disturbance Assessment and construction completed at Pad #2.
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First two wells licensed for drilling on Pad #2.
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Modular development strategy to scale production.
The completion of Pad #2 and the licensing of the initial wells marks a significant milestone in the Prairie Lithium Project. Each pad is designed to produce 2,000 tonnes per annum (TPA) of lithium carbonate equivalent (LCE), with an initial production target of 6,000 TPA LCE. This modular approach allows for scalable production and minimises environmental impact.
Paul Lloyd, Managing Director of Arizona Lithium, commented:
“We are very excited to see our Prairie project through another milestone. The ability to have our second Pad location selected, approved and built is a testament to the jurisdictional advantages of operating in Saskatchewan. This also highlights our strategy of developing Pad locations independent from one another and increasing production on a modular basis, which keeps our Capex lower to establish production, and keeps our surficial environmental impacts to a minimum and no long-distance pipelines to transport brine.”
Construction activities for Pad #1 are ongoing, with drilling and completion activities already underway. The strategic development of multiple pad locations will enable Arizona Lithium to efficiently scale up its production capabilities.
A video of the clearing the Pad can be found on the company’s website: https://www.arizonalithium.com/wp-content/uploads/2024/07/Arizona-Lithium-Pad-2-lease-building.mp4
About the Prairie Lithium Project: About the Prairie Lithium Project AZL’s Prairie Lithium Project is located in the Williston Basin of Saskatchewan, Canada, and holds a resource of 6.3 MT of LCE, comprised of 4.5 MT LCE Indicated and 1.8 MT LCE Inferred1. Located in one of the world’s top mining friendly jurisdictions, the projects have easy access to key infrastructure including electricity, natural gas, fresh water, paved highways and railroads. The projects also aim to have strong environmental credentials, with Arizona Lithium targeting to use less use freshwater, land and waste, aligning with the Company’s sustainable approach to lithium development.
For more information, including a video of the Pad #2 construction, visit Arizona Lithium's website.
Contact details:
Contact Information:
Jane Morgan
Investor Relations